Jonas Biz

The law was blocked during years by the legal action until after penal erogaciones and discussions the parts reached agreements that benefitted to the population of that country affected by that disease. On the other hand it is very interesting what voltairenet.org comments, that it is not necessary to forget that a the length of century XX, the pharmaceutical industry was developed and organized with the aim of controlling the sanitary systems worldwide by means of the systematic substitution of nonpatentable natural therapies by synthetic substances patentable and, therefore, lucrative. This industry did not evolve of natural form. On the contrary, it was a decision made by a handful of wealthy industralists and without scruples that wanted to make an investment. They deliberately identified the human body like their scope of market with the aim of generating more wealth. The driving force of this industry of investment was the Rockefeller Group. This one controlled already more of 90% of the petrochemical industry in the United States in the change of century from the XIX to the XX, and was looking for new opportunities of investment international scale. Another group of active investment in this sector formed around the financial group Rothschild.

Tmese in account, that after the Standard Oil de Rockefeller (today Exxon), the conglomerated second of companies petrochemical phamacists and greater of the world during first half of century XX, were of group IG Farben with soothes in Germany. This conglomerate of companies was the main factor that explains the ascent of Hitler to the power and its joint invasion of Europe and the world. In fact, World War II was a war of aggression prepared, begun and directed from the advice of planning of IG Farben. This one was the first company of IG Auschwitz, the greater industrial plant of this poster of the chemical industry outside Germany. Great part of the wealth of this poster was accumulated with the blood and the suffering of the slaves who worked in their factories, including those of the concentration camp of Auschwitz. IG Farben supported and used without no scruple to the political governors German with their powerful arms, with the purpose of economic achieve supremacy on all Europe and the rest of the world. IG Farben was the main shareholder of the Standard Oil de Rockefeller, and vice versa. At that time, the victory of the Forces Allied on Germany Nazi ended the plans of IG Farben to become more important the pharmaceutical and petrochemical conglomerate of the world. At the same time, Standard Oil and the other pharmaceutical and petrochemical companies of the partnership of Rockefeller became the dominant financial group of this industry, and since then they have held this position of leadership. Original author and source of the article.

I do not know if to accumulate reserves is most efficient, but know that it influences in the investing behavior. We say that it positively affects the perception of strength of an economy and dissuades of speculative attacks to the same. Before the opposite considerations to these policies that take organizations like the BCRA ahead, Redrado it did not let pass the opportunity and it left to play hard to respond to its guest and representative to him of the IMF when saying about the international reserves: the reserves are a stability anchor. It is not that the BCRA and Argentina do not wish to count on mechanisms of attendance of the IMF. In fact, Redrado jointly with the minister of Economy Argentinean, Loved Boudou, met with Blanchard to advance in agreements with the IMF to accede to lines of financing.

But beyond it, a country as Argentina cannot be given the luxury of not counting on a strong mattress of reserves to preserve the economic stability, fundamental element for the growth and development of the country. But Redrado has not been the unique one that defended the policy of accumulation of reserves in the region. The governor of the Bank of Reserve of Peru, Julio Velarde, has left in clear the lightening that represented for him and the conduction of the monetary policy in Peru the existence of international reserves that allowed him to face the turbulences and to limit volatileness in the markets. Also the Governor of the Central bank of Colombia, Jose Daro Uribe, has valued the benefits of the policy of accumulation of reserves like shock-absorbing mechanism of the crisis. What the IMF still does not recognize is that the international reserves have played a fundamental roll in countries like Argentina with almost null opportunities to accede to lines of financing of emergencia to face the crisis.

The world still sees the emergent ones with distrust reason why any negative event or in Argentina or any other Latin American country, would have shot destabilizing movements for these economies and even for the region. International the financial crisis, without the reserves would have implied doubtlessly for Argentina (and probably for the majority of the countries of the region), an exchange crisis with consequences much majors on the real economy. In order to finish the article I believe that the message of Redrado is representative of the message of the emergent countries towards the IMF: the multilateral organisms have taken some steps in the right direction but it is a quite arduous way to cross so that these finally they become the true guardians of international the financial stability. The IMF must in the first place be concentrated in the global financial stability if it wants to really help the emergent economies and on the other hand, it must to leave of side its magical prescriptions and to include/understand in depth the reality of each country to adapt the recommendations doing them truly effective. It will be able to change the IMF and to burn its old prescription book which uses the same for all the countries?